Austin-based Astrotech Corp. saw its losses rise in its most recent quarter, the aerospace company reported on Monday.
For its fiscal third quarter ended March 31, Astrotech - which describes itself as a leader in identifying and commercializing space technology – had a loss of $3.7 million, or 18 cents per share, the company reported. That compares with a loss of $2.1 million, or 11 cents per share, for the same quarter the previous year.
Astrotech had revenue of $196,000 for the quarter, compared with revenue of $12,000 the same quarter the previous year.
As of March 31, the company said it had no debt and $28 million on hand in cash and investments.
About an hour before the markets’ close on Monday, Astrotech shares were down more than 5 percent at $1.71.
Astrotech operates three business units: 1st Detect Corp., which commercializes spectrometer technology; Astrogenetix Corp., a biotechnology company; and Astral Images Inc., which is working with digital image-scanning technologies. It is led by Thomas Pickens III, the company’s chairman and CEO.
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